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Ireland's housing system is broken, primarily due to ineffective government policies. Leaving properties vacant and derelict for decades should not be tolerated, especially during a housing emergency. Homelessness has reached a record 16,353 people—including 2,391 families, 252 people over 65, and more than 5,145 children—now relying on emergency accommodation....

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Ireland's housing system is in a state of disrepair, primarily due to ineffective Government policies. My graphic illustrates the large number of vacant and derelict properties in Dublin City. It also shows the 4,666 entire houses or apartments currently listed for short-term letting on the Airbnb platform, with a total of 18,649 across Ireland. According to the Department of Housing, 9,671 adults and a record 4,170 children found themselves in emergency accommodation last month. The Government failed to meet its social and affordable housing targets by 2,680 homes last year and significantly underestimated the number of houses needed to be built annually by 17,000. It's widely accepted that Ireland requires up to 50,000 additional houses each year; however, the government's "Housing for All" plan only aims to build an average of 33,000. The 2022 Census shows that the country has 166,752 vacant homes and 66,135 empty holiday homes. Interestingly, nearly a third of these vacant homes (48,387) have been unoccupied long-term since 2016. Predictably, rent has doubled over the past 13 years and house prices have surged by 55%, marking the fastest growth in any major EU economy. Currently, Vulture funds own 1 in 6 mortgages in the Irish housing market, while Cuckoo funds and the State purchase 42% of new homes. This situation has led to a record number of first-time buyers competing for the smallest supply of housing stock in over a decade. Nationally, just over 11,000 homes are available for purchase, a stark contrast to 2012 when 60,000 homes were on the market. To add to the crisis, the income needed to buy a new home in Dublin is €127,000, which surpasses even a TD's basic salary of €108,987. Consequently, 68% of people in their late 20s still live with their parents, a figure that is nearly 26% higher than the EU average of 42.1%. #Dublin #Ireland #HousingCrisis #DerelictIreland #homeless #Airbnb

Rob Cross

111,234 Aufrufe • vor 2 Jahren

My graphic illustrates the large number of vacant and derelict properties in Dublin City. It also shows the 4,666 entire houses or apartments currently listed for short-term letting on the Airbnb platform, with a total of 18,649 across Ireland. Landowners owe councils €50 million as 90% of vacant site levies go unpaid. Intended to prevent land hoarding and accelerate housing development, only €138,335 of €9.6 million owed in 2022 was collected. Thirteen of 31 local authorities issued no demands, and of the 18 that did, only four collected any money. Dublin City Council imposed nearly €4.9 million in levies but collected nothing. The prolonged dereliction of properties should be considered social vandalism, a crime against the state and the common good. An effective vacant and derelict tax, coupled with a compulsory sales order, could dissuade landlords from hoarding land, particularly sites that have been vacant and derelict for an extended period. Homelessness in Ireland has reached another new record high, with 14,760 people homeless and relying on emergency accommodation, including 4,561 children from 2,133 families, according to the latest figures released by the Department of Housing. The Housing for All plan, launched by the Irish government in September 2021, is their housing strategy aimed at addressing the country's housing crisis. However, since its implementation, statistics have revealed alarming trends: • Total homelessness increased by 74%, from 8,475 to 14,760. • Homeless adults increased by 66%, from 6,131 to 10,199 . • Homeless children increased by 95%, from 2,344 to 4,561. The 2022 Census shows that the country has 166,752 vacant homes and 66,135 empty holiday homes. Notably, nearly a third of these vacant homes (48,387) have been unoccupied since 2016. Predictably, rent has doubled over the past 13 years and house prices have surged by 55%, marking the fastest growth in any major EU economy. Average rents have soared by 43% compared to pre-Covid levels, with Dublin rents now averaging €2,476. In the capital, a typical three-bed semi-detached home costs €517,333. The average house price in Dublin is rising by €469 per week. To purchase a new home in Dublin priced around €395,000, a first-time buyer typically needs an annual income of at least €77,142 and must also have a minimum deposit of 10%, amounting to around €39,500. This financial barrier helps explain why an estimated 10,600 people left Ireland to live in Australia last year, up from 4,700 the previous year—a staggering 126% increase. This marks the highest level of emigration to Australia since 2013. Currently, vulture funds own 1 in 6 mortgages in the Irish housing market, while cuckoo funds and the State purchase 42% of new homes. This situation has led to a record number of first-time buyers competing for the smallest supply of housing stock in over a decade. Nationally, just over 11,000 homes are available for purchase, a stark contrast to 2012 when 60,000 homes were on the market. A garda and a nurse with a combined salary of €89,000 cannot afford a three-bedroom semi-detached house in greater Dublin. To add to the crisis, the income needed to buy a new home in Dublin is €127,000, which surpasses even a TD's basic salary of €108,987. Consequently, 68% of people in their late 20s still live with their parents, a figure that is nearly 26% higher than the EU average of 42.1%. #Dublin #Ireland #HousingCrisis #DerelictIreland #homeless #Airbnb #GE2024 #HousingForAll #Election24 #RTEPT

Rob Cross

46,353 Aufrufe • vor 1 Jahr

Ireland's housing system is not fit for purpose as it fails to deter vulture funds from buying properties that could be homes for individual buyers. On May 20, 2021, the Irish Government introduced a 10% stamp duty on bulk purchases of residential houses. This measure aimed to discourage large-scale acquisitions by investors and vulture funds. However, the policy has two notable exemptions: bulk buying of apartments in multi-storey buildings with grouped access, and purchases by local authorities and approved housing bodies. These entities are not subject to the 10% stamp duty on bulk purchases of residential houses. This is one of the reasons why the housing system is broken in Ireland. Deutsche Bank's €800 billion investment arm fund has acquired 85% (46 homes) in Belcamp Manor, Dublin 17 for €24.5 million. Originally intended for individual buyers, these properties were being advertised for rent at €3,175 per month (€38,100 per year) by a London-based real estate investment fund on It is no surprise that in the past 13 years, rent in Ireland has doubled, and house prices have increased by 55%, making it the fastest growth in any major EU economy. Currently, vulture funds own 1 in 6 mortgages in the Irish housing market, while Cuckoo funds and the State purchase 42% of new homes. This leaves a record number of first-time buyers competing for the lowest supply of housing stock nationwide in over a decade. There are just over 11,000 homes available for purchase nationally, the fewest since 2012 when 60,000 homes were on the market. The 2022 Census reveals that there are 166,752 vacant homes and 66,135 vacant holiday homes across the country. Out of the vacant homes, almost a third (48,387) have been vacant long-term since 2016 and remain unused. Additionally, the current salary required to buy a new home in Dublin is €127,000, which exceeds even a TD's basic salary of €108,987. Meanwhile, in December 2023, there were 18,648 entire houses/apartments available on the short-term letting platform Airbnb in Ireland. This includes 4,666 listings in Dublin City whilst the number of people living in emergency accommodation reached another record high of 14,429 in July—including 2,096 families (up 14%) and 4,401 children (a 15% rise since July 2023). In Dublin alone, 10,487 people were homeless—another new record—with 3,289 of those being children. #Dublin #Ireland #HousingCrisis #DerelictIreland #VacantIreland #homeless #Airbnb

Rob Cross

93,335 Aufrufe • vor 1 Jahr

This is one of the reasons why the housing system is broken in Ireland. Deutsche Bank's €800 billion investment arm fund has acquired 85% (46 homes) in Belcamp Manor, Dublin 17 for €24.5 million. Originally intended for individual buyers, these properties are now being advertised for rent at €3,175 per month (€38,100 per year) by a London-based real estate investment fund on It is no surprise that in the past 13 years, rent in Ireland has doubled, and house prices have increased by 55%, making it the fastest growth in any major EU economy. Currently, vulture funds own 1 in 6 mortgages in the Irish housing market, while Cuckoo funds and the State purchase 42% of new homes. This leaves a record number of first-time buyers competing for the lowest supply of housing stock nationwide in over a decade. There are just over 11,000 homes available for purchase nationally, the fewest since 2012 when 60,000 homes were on the market. The 2022 Census reveals that there are 166,752 vacant homes and 66,135 vacant holiday homes across the country. Out of the vacant homes, almost a third (48,387) have been vacant long-term since 2016 and remain unused. Additionally, the current salary required to buy a new home in Dublin is €127,000, which exceeds even a TD's basic salary of €108,987. Meanwhile, in December 2023, there were 18,648 entire houses/apartments available on the short-term letting platform Airbnb in Ireland. This includes 4,666 listings in Dublin City whilst there is a record-breaking number of 13,514 people, including 4,105 children, who are currently accessing emergency accommodation. #Dublin #Ireland #HousingCrisis #DerelictIreland #VacantIreland #homeless #Airbnb

Rob Cross

327,619 Aufrufe • vor 2 Jahren